Regulatory6 Aug 2026, 01:52 pm
Samyak International Gets In-Principle Approval for Share/Warrant Issue
AI Summary
Samyak International Ltd has received 'in-principle' approval from BSE Ltd. for the issuance and allotment of 40,00,000 equity shares and 40,00,000 warrants convertible into equity shares. The issuance will be on a preferential basis to promoters and non-promoters at a price not less than ₹17 per share/warrant. The approval is subject to compliance with all applicable regulations, including SEBI's ICDR and LODR Regulations. The company is advised to strengthen internal controls and obtain undertakings from allottees regarding trading restrictions.
Key Highlights
- BSE grants in-principle approval for preferential issue of shares and warrants.
- 40 lakh equity shares and 40 lakh convertible warrants to be issued.
- Issue price not less than ₹17 per share/warrant.
- Company must comply with SEBI regulations and strengthen internal controls.
- Allottees to provide undertakings against intra-day trading.
Price Impact
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